# Table 7: Predicted Transition Probability as Regime Indicator

Logit model: is_transition = f(governance, KAOPEN, log_GDP_pc)
Accuracy: 0.778

| Variable | + Pred. transition | + Pred. trans. + CCA |
|---|---|---|
| Z_1 | 48.10*** (13.61) | 57.17*** (13.70) |
| Z_2 | -7.66*** (2.04) | -8.67*** (2.04) |
| Z_3 | 0.32*** (0.08) | 0.36*** (0.08) |
| pred_trans_dm | -8.55** (4.27) | -5.31 (4.32) |
| Z_1_x_pred_trans | 325.99*** (90.65) | 256.61*** (91.68) |
| Z_2_x_pred_trans | -45.67*** (13.76) | -35.33** (13.91) |
| Z_3_x_pred_trans | 1.73*** (0.56) | 1.32** (0.57) |
| is_cca | — | -3.71*** (0.92) |